Contribution to society

  • Financial contribution of
    488 thousand euros
  • Employee contribution
    of 1029 hours

Society

Year after year Swedbank has been delivering on its commitment to conduct socially responsible business. Through various social initiatives Swedbank implements the company's vision of encouraging the development of people, businesses and the society, therefore we focus on what matters most for sustainable further growth of Latvia, its society and economy. We are convinced that Latvia's path towards growth lies specifically in education. It is this area where we develop our initiatives and work in long-term partnerships.

We have defined the criteria against which we assess each proposal or idea in the bank's support area. In considering proposals for cooperation, Swedbank looks at:

  • whether the project is in line with Swedbank's fundamental values and the current and future needs of our clients and the society;
  • the extent to which the project appeals to and engages a wider society, it has a systemic impact and adds to public benefit;
  • partners' professionalism and experience and project's sustainability;
  • opportunities for Swedbank employees and customers to join in the project.

Swedbank will not support:

  • projects which contradict the values of the bank;
  • political and religious organizations;
  • projects that are hazardous to the environment and the safety of people, high-risk activities;
  • applications by individuals.

For cooperation opportunities, please contact us by e-mail to iniciativas@swedbank.lv

Swedbank for Education 2019

Swedbank’s School Program “Ready for Life”

More than 2350 lectures delivered and thousands of students motivated. Guest lectures by Swedbank employees show how the knowledge learned at school is applied in financial professions and situations. In 2019, 17 companies and organisations have joined the school program, supplementing the program with lectures and excursions on 28 topics in 15 subjects.

Mission Possible

Swedbank has co-founded and supports a movement which in its 12 years has helped 157 committed university graduates to become good teachers and leaders.

Student enterprises

This practical education programme, which fosters an enterprising mindset in pupils and facilitates development of business skills, is already available in over 217 schools and to more than 107 000 pupils all over Latvia. To provide an added value to the programme and ultimately foster an enterprising mindset in pupils and facilitate development of business skills, in 2019 we organised business planning competition for student enterprises, engaging more than 200 pupils in the competition.

Award of excellence to pupils with dyslexia

We continued support the prize for pupils with dyslexia established by the Latvian Dyslexia Society, welcoming pupils’ efforts to integrate into the education process despite reading difficulties.

TV show for families about budgeting

Swedbank’s financial literacy TV show Teenage Boss was premiered in Latvia in cooperation with TV3. The ten educational and entertaining episodes of the program focused on household budgeting and savings. Experts of the Swedbank Institute of Finances provided advice to families on financial matters.

Facebook group and podcast about financial literacy

With an average of 500 posts and over 7800 comments per year, Swedbank’s financial literacy Facebook group Spending Smart has grown to reach over 7500 members with significant engagement by people in discussions on earning and spending money wisely. Going by the same name as the Facebook group, Swedbank’s podcast on sustainable finances is available to listeners from the end of 2019.

Conversation festival LAMPA

Swedbank is a co-founder, supporter and educational contents patron in the festival. The fifth conversation festival LAMPA attracted over 20 000 people.

Swedbank Finance Lab

In its first year the Swedbank Finance Lab, which offers learning financial literacy through elements of the escape room game at the bank’s head office, has enjoyed high interest among pupils. 333 groups of pupils of grade 4 to 12 have visited it over the course of the year.